Global Stratification

Cards (27)

  • Global South
    Refers to countries that are less economically developed and industrialized compared to the Global North
  • Third World
    Refers to countries that did not belong to either the capitalist First World or communist Second World during the Cold War
  • How a new conception of global relations emerged from the experiences of Latin American Countries
    1. Dependency theory
    2. World System Theory
  • Dependency theory

    • Resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former
    • Underdevelopment is mainly caused by the peripheral position of affected countries in the world economy
  • World System Theory
    • Established on a three-level hierarchy consisting of core, periphery, and semi-periphery areas
    • Core countries dominate and exploit the peripheral countries for labor and raw materials
    • Peripheral countries are dependent on core countries for capital
  • Newly discovered lands outside Europe were divided into two - the west belonging to the Crown of Castile (now part of Spain) and the east belonging to the Portuguese Empire
    1494
  • Treaty of Tordesillas - agreements between King Ferdinand II of Aragon and Queen Isabella I of Castile and King John II of Portugal establishing a new demarcation line between the two crowns

    1494
  • Cold War
    Ongoing political rivalry between the United States and the Soviet Union and their respective allies that developed after World War II
  • First World
    Capitalist, industrialized, democratic countries allied with the US
  • Second World
    Industrialized, communist countries of the Soviet Union and its Eastern European satellites
  • Third World
    Countries that did not belong to either the First World or Second World, often referring to poor, underdeveloped countries
  • Global North
    Developed, industrialized countries
  • Global South
    Developing countries, often in Africa, Latin America, and Asia
  • Economic Development
    Advancement in technology, transition from agriculture to industry, and improvement in living standards
  • What is included in the Global North
    • G8 countries
    • US
    • Canada
    • EU member states
    • Israel
    • Japan
    • Singapore
    • South Korea
    • Australia
    • New Zealand
    • 4 of the 5 permanent UN Security Council members (excluding China)
  • What is included in the Global South
    • African countries
    • Latin American countries
    • Developing countries in Asia, including the Middle East
    • BRIC countries (Brazil, India, China)
  • GDP per capita
    A tally of all goods and services produced in a country in one year, expressed in US dollars, divided by the country's population
  • Unofficial threshold for a developed economy is a GDP per capita of at least $12,000, although some economists believe $25,000 is more realistic
  • What makes a nation part of the "Third World"
    • High poverty
    • High child mortality
    • Low economic and educational development
    • Low self-consumption of natural resources
    • Vulnerable to exploitation by large corporations and industrialized nations
    • Less technological advancement
    • Economies dependent on developed countries
    • Unstable governments
    • High fertility rates
    • High gender-related violence
    • Lack of middle class
    • Huge impoverished population and small elite upper class
  • Difference in political, economic and geographic makeup of countries complicates the idea of a monolithic Global South
  • Globalization has challenged the notion of two economic spheres (North and South)
  • Bottom 60 nations of the Global South were thought to be gaining on the North in terms of income, diversification, and participation in the world market
  • International free trade and unhindered capital flows across countries could lead to a contraction in the North-South divide
  • Some countries in the Global South are developing high levels of South-South aid
  • The UN has established its role in diminishing the divide between North and South through the Millennium Development Goals
  • Latin America
    A group of countries in South America that share the same language and culture, linked to their common colonizers Spain and Portugal
  • Two economic groups in Latin America
    • Pacific Alliance - goal is participatory integration for free mobility in trade
    • Mercosur - goal is competitive integration of national economies into international market